Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options.

Topic

By: Martin Creamer20th February 2018
South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. The fall in the contribution from AngloGold's South Africa region mines follows the sale of Moab and Kopanang and the closure of the Tau... →

By: Megan van Wyngaardt20th February 2018
Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The integration of Moab Khotsong will enhance the quality of our portfolio and boost our cash flows," said... →

By: Bloomberg19th February 2018
Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on... →

By: Martin Creamer13th February 2018
Harmony Gold on Tuesday reported improved earnings, production, grade and costs in the six months to December 31, but regrettably also eight fatalities. While Mining Weekly Online was engaged in the media conference, the transfer of ownership of Moab Khotsong assets to Harmony became official,... →

By: Paige Müller9th February 2018
Many large companies typically do not have the required technology or resources available to adequately communicate with lower-level staff, which software company Wyzetalk believes affects industry health and safety negatively. “Organisations provide a corporate email address for executives and... →

By: Mia Breytenbach5th February 2018
Randgold Resources has, for the seventh consecutive year, increased its gold production, boosting output by 5% year-on-year to 1.32-million ounces and exceeding the guidance for 2017. The miner has further reduced its total cash cost by 3% to $620/oz – the lowest level in six years. →

By: Megan van Wyngaardt1st February 2018
JSE-listed Harmony Gold Mining's shareholders have given a 99.6% approval of the miner's plans to acquire mining operations and related infrastructure from AngloGold Ashanti. The $300-million deal will include the Moab Khotsong mine, one of the newest South African deep-level mines, with... →

By: Martin Creamer31st January 2018
Gold mining company AngloGold Ashanti produced more gold in the 12 months to December 31 than in the same period of 2016, but is heading for a basic loss for the period on impairment, retrenchment and silicosis settlement costs, the company said in a trading statement on Wednesday. Full-year... →

By: Natasha Odendaal25th January 2018
Harmony Gold has removed two resolutions from its meeting agenda to seek shareholder approval for the acquisition of Moab Khotsong, after reducing the potential equity capital raising from $200-million to $100-million on the back of sufficient cash resources and a strong production performance.... →

By: Natasha Odendaal10th January 2018
A trust formed in 2016 to compensate a group of former Anglo American South Africa and AngloGold Ashanti employees who suffer from silica-related illnesses, has already distributed about R102-million of a R395-million settlement. The Q(h)ubeka Trust was established in March 2016 following the... →

By: Megan van Wyngaardt10th January 2018
The ongoing silicosis and tuberculosis class action litigation against South African gold miners has been postponed, following a request by representative attorneys to the registrar at the Supreme Court of Appeal (SCA) to do so. The SCA has granted approval for the postponement. The joint letter... →

By: Mariaan Webb7th December 2017
Joint venture (JV) partners AngloGold Ashanti and Independence Group have committed to the initial phase of the Long Island strategy, which will ultimately add 2.1-million ounces to the Tropicana mine’s business plan and will extend the operation’s mine life by seven years to 2027.
The... →

By: Mariaan Webb7th December 2017
Australian junior Vector Resources is negotiating with the Democratic Republic of Congo’s State miner, Sokimo, to establish two joint ventures (JVs), one of which is adjacent to the large Kibali gold mine of Randgold Resources and AngloGold Ashanti.
Vector has signed a binding agreement with... →

By: Martin Creamer6th December 2017
The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... →

By: Creamer Media Reporter 28th November 2017
Mining services company Ausdrill said on Tuesday it had secured two contract extensions at African operations and one in Western Australia.
The ASX-listed firm reported that South Africa-based AngloGold Ashanti had awarded its wholly owned subsidiary African Mining Services (AMS), a provision... →

By: Martin Creamer7th November 2017
Gold-mining company Harmony produced 14% more gold in the three months to September 30, when it cut unit costs by 8% and improved the margins of profit at its South African operations. Excellent operational performance was responsible for the margin improvement and last month’s acquisition of the... →

By: Mia Breytenbach6th November 2017
Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance. The free cash flow for the quarter, compared... →

By: Natasha Odendaal3rd November 2017
Two miners have been confirmed dead, with six others rescued at AngloGold Ashanti’s Mponeng mine, near Carletonville, following a seismic activity-triggered fall-of-ground incident on Thursday morning. AngloGold Ashanti on Friday confirmed that the rescue team brought two more workers safely to... →

By: Natasha Odendaal2nd November 2017
A search and rescue operation is under way at AngloGold Ashanti’s Mponeng mine, near Carletonville, following a seismic activity-triggered fall-of-ground incident on Thursday morning. Four workers have been rescued; however, AngloGold confirmed to Mining Weekly Online that there was one confirmed... →

By: Martin Creamer2nd November 2017
If you want to make money in mining, you must be efficient and a company taking efficiency to new heights in Africa is Randgold Resources. While there is a perception in some developed world minds that in Africa mineworkers arrive at the gate, pick up a spade and go out there and shovel stuff,... →

By: Natasha Odendaal19th October 2017
JSE-listed AngloGold Ashanti has disposed of its various South African gold and uranium mining assets in the Vaal river region to Harmony Gold Mining for $300-million. The transaction comprised the Moab Khotsong mine, the Great Noligwa mine and related infrastructure; AngloGold Ashanti’s entire... →

By: Esmarie Swanepoel13th October 2017
The Western Australian gold sector is rejoicing after a controversial amendment to the gold royalty failed to pass through Parliament this week.
The Mark McGowan government failed to pass its proposed 50% increase in the gold royalty after opposition parties blocked the move in the Upper House... →

By: Ilan Solomons11th October 2017
Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... →

6th October 2017
Engineering equipment supplier Mechanical Rotating Solutions (MRS) was appointed in August as a service and product supplier by international pumps company HCP Pumps’ South African subsidiary HCP Pumps South Africa. MRS MD explains that being appointed to the network of accredited suppliers... →

By: Mia Breytenbach5th October 2017
Good leadership is critical to South Africa, former AngloGold Ashanti CEO Bobby Godsell said on Thursday. Speaking during a panel discussion on the leadership skills required for the future at the fifth Joburg Indaba conference, he stressed that the “fish rots from the head” and that good... →

By: Esmarie Swanepoel4th October 2017
Western Australian gold miners have warned the state government that an increase in gold royalties would not only result in massive job losses across the state, but could also jeopardise the future of the sector as less money will be put towards exploration.
Speaking at a round-table in Perth on... →

By: Esmarie Swanepoel3rd October 2017
ASX-listed Matsa Resources has delivered its first ore from the Fortitude gold mine, in Western Australia, to gold miner AngloGold Ashanti’s Sunrise Dam treatment plant.
Matsa in June signed an agreement with AngloGold Ashanti, which would see the gold major purchase the Fortitude gold ore to... →

By: Esmarie Swanepoel26th September 2017
he Australian Securities Exchange (ASX) has warned that it could temporarily suspend the share trading of Western Australian gold producers if the state government’s plans to increase gold royalties were passed through Parliament.
The Australian on Tuesday reported that the ASX would repeat the... →

By: Marleny Arnoldi22nd September 2017
With ineffective communication often affecting the level of health and safety implementation and efficiency in industries that have stringent safety requirements, software company Wyzetalk provides more effective communication for such industries. →

By: Martin Creamer15th September 2017
A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36-year-old, lossmaking Kopanang gold mine. AngloGold Ashanti said in a media release to Creamer Media’s Mining Weekly Online on Friday that unsolicited... →

By: African News Agency 12th September 2017
Moody’s Investor Relations on Tuesday praised the restructuring initiatives made by South African gold and platinum group metals (PGM) miners in a bid to protect the sustainability and profitability, saying that these were benefiting their credit profiles. In a report on Tuesday, Moody’s vice... →

By: Ilan Solomons1st September 2017
The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... →

By: Creamer Media Reporter 30th August 2017
Aim-listed Goldstone Resources, which is developing the Homase-Akrokerri gold project in Ghana, has appointed Darryl Norton COO. His appointment marks the start of the company seeking to build an operational team as it looks to advance its projects in Ghana. Norton has more than 35 years'... →